JPMorgan Chase & Co.

This is an exciting opportunity to be a part of the Asia Pacific Operational Risk team

Job Summary:

As a Vice President you will be responsible to support the operational risk function for the Asset Management business across Asia Pacific while includes offices in Hong Kong, Singapore, China, Taiwan, Australia, Japan and Korea. Operational Risk Management (ORM) is part of the Compliance, Conduct and Operational Risk (CCOR) group. We maintain oversight of the firm’s compliance, conduct and operational risk management activities and are responsible for the design and execution of a comprehensive Risk and Control framework. We are considered a second Line of Defense (LoD) function and proactively manage operational risk to defend the firm against the negative impacts of operational errors

Job responsibilities

The successful candidate in this position will be based in Hong Kong and will be required to

• Support the Operational Risk function for the Asset Management business across APAC including offices in Hong Kong, Singapore, China, Taiwan, Australia, Japan and Korea.
• Provide oversight to the business’ management of operational risk including reviewing and challenging risks, processes and controls identified by the first Line of Defence (LoD) and escalate where required.
• Engage with the business to continually improve operational risk processes and business operating models, support safe business growth, and inform & influence risk-based decision making
• Independently assess operational risks and control environments and raise issues for the first LoD to remediate where relevant. Assessments are done through quantitative and qualitative means including 
• periodic risk assessments (at the legal entity and risk stripe levels) 
• review of performance against Key Performance Indicators 
• collaborating with the CCOR Testing team to test the effectiveness of controls.
• Provide operational risk oversight in key governance forums; escalate to regional committees and liaise with regulators as needed
• Understand and assess key and emerging operational risks for the business regionally including staying abreast of industry news, incidents and regulatory developments to facilitate proactive risk identification and mitigation.
• Leverage the Firmwide CCOR Management Framework to Identify, Measure, Monitor, Manage, Report and Govern Operational Risk 
• Determine the APAC regional and entity specific Operational Risk Monitoring and Testing program, and define testing approaches. 
• Liaise with key stakeholders across first, second and third LoD including engaging on the results of any monitoring and testing activities.
• Identify and assess the Operational Risks for all new business initiatives developed by the business, including challenging the appropriateness of processes and controls, and determining pre-go live requirements
• Provide timely and relevant information through appropriate reporting mechanisms (scorecards, dashboards, monthly management meetings). Design rich data visualizations to communicate complex ideas

Required qualifications, capabilities, and skills

• Minimum Bachelor’s Degree with at least 8 years experience, preferably in risk management, control management, product control, compliance and audit in the financial industry 
• Curiosity and an interest in understanding how businesses work and effectively manage risk 
• Excellent interpersonal and communication skills including effective interaction with senior management
• Good analytical and problem-solving skills, with the ability to break down complex business processes, analyze potential risks and think outside the box
• Able to make independent decisions and work with limited supervision while exceling in a dynamic, demanding environment
• Strong influencing and stakeholder management skills with the ability to drive change 
• Knowledge of Asset Management business and products (such as fixed income and equities, deposits and banking, lending, investment management, funds and alternatives) preferred
• Self-motivated with the ability to multi-task, prioritize and thrive in a fast-paced and evolving environment
• Solid command of written and spoken English and Chinese (Mandarin) preferable 

J.P. Morgan is a global leader in financial services, providing strategic advice and products to the world’s most prominent corporations, governments, wealthy individuals and institutional investors. Our first-class business in a first-class way approach to serving clients drives everything we do. We strive to build trusted, long-term partnerships to help our clients achieve their business objectives.

We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. We also make reasonable accommodations for applicants’ and employees’ religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.

Our professionals in our Corporate Functions cover a diverse range of areas from finance and risk to human resources and marketing. Our corporate teams are an essential part of our company, ensuring that we’re setting our businesses, clients, customers and employees up for success.

Risk Management helps the firm understand, manage and anticipate risks in a constantly changing environment. The work covers areas such as evaluating country-specific risk, understanding regulatory changes and determining credit worthiness. Risk Management provides independent oversight and maintains an effective control environment.